Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
A Year of Books
Account Services
Our Chelmsford shop
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Labour 'must choose between tax increases and spending cuts'

17th September 2009

Ministers must choose between raising taxes or making cuts to public spending in order to reduce the current deficit, it has been claimed.

The proposal is based on analysis by the Institute for Fiscal Studies (IFS) of internal Treasury projections leaked to the Conservative Party.

Plans outlined by the Treasury involve cutting total public spending by 0.1 per cent over the three years to the next spending review.

The IFS claims that this would be the 'tightest squeeze in spending ... since the UK was negotiating its spending plans with the International Monetary Fund in the late 1970s'.

Conservative shadow chancellor George Osborne believes that the tightening should be implemented quicker, starting from next year.

Mr Osborne's economic programme proposals include lowering corporation tax and creating a simpler system overall.

Meanwhile, the Liberal Democrat Party's Vince Cable thinks the Treasury has understated the problem, although is wary of any sharp cuts next year during the anticipated economic recovery.

Latest Blog
Women's Prize for Fiction 2018 Shortlist
23/04/2018

This year's shortlist for the Women's Prize for Fiction has been announced

Read an extract from Everything I Know About Love
20/04/2018

Dolly Alderton's Everything I Know About Love is an honest, funny and uplifting account of growing up and being enough.

An extract from The Fire This Time
18/04/2018

Edited by National Book Award-winning author Jesmyn Ward, The Fire This Time is a collection of essays and poems exploring black experience in modern-day America, in a response to James Baldwin's groundbreaking 1963 essay collection The Fire Next Time.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd